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  1. #31
    Testimonial Due pacorosssco's Avatar
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    Debt must be removed modern game. Make football responsible and as fair as possible. Real madrid run a huge debt. Control needed.


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  3. #32
    @hibs.net private member greenlex's Avatar
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    Scrubbers Laundry is my favourite

  4. #33
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    Childcare vouchers £100, i could laugh but it's not even funny it's beyond humour.

    GGTTH

  5. #34
    @hibs.net private member Monktonhall 7's Avatar
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    I'm sure it's been posted before, but why, with all these creditors were they not liquidated?

  6. #35
    @hibs.net private member Jack Hackett's Avatar
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    Quote Originally Posted by Hibees1173 View Post
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    I'm sure it's been posted before, but why, with all these creditors were they not liquidated?
    Because the administrators were more concerned with saving hertz than they were with getting a good deal for the creditors...which is only fair because hertz are 'the famous'....Apparently

  7. #36
    Coaching Staff Waxy's Avatar
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    Quote Originally Posted by Hibees1173 View Post
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    I'm sure it's been posted before, but why, with all these creditors were they not liquidated?
    Remember Our first Minister at the time taking a trip to Lithuania just When it seemed they were about to be liquidated.

  8. #37
    ADMIN marinello59's Avatar
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    Quote Originally Posted by Waxy View Post
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    Remember Our first Minister at the time taking a trip to Lithuania just When it seemed they were about to be liquidated.
    Did he? I thought he just made a phone call.
    Every gimmick hungry yob,
    Digging gold from rock and roll
    Grabs the mic to tell us,
    He'll die before he's sold.

  9. #38
    @hibs.net private member Monktonhall 7's Avatar
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    Quote Originally Posted by Jack Hackett View Post
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    Because the administrators were more concerned with saving hertz than they were with getting a good deal for the creditors...which is only fair because hertz are 'the famous'....Apparently
    Maybe CWG will be able to answer this, (you've probably done it a dozen times already, sorry), but isn't the objective of the appointed Administrators to get as good a deal as possible for creditors?

  10. #39
    @hibs.net private member CropleyWasGod's Avatar
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    Quote Originally Posted by Hibees1173 View Post
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    Maybe CWG will be able to answer this, (you've probably done it a dozen times already, sorry), but isn't the objective of the appointed Administrators to get as good a deal as possible for creditors?
    The administrator's primary function is to attempt to maintain the business as a going concern.

    It's only if that fails that s/he has to get the highest return for creditors.

    Sent from my SM-A510F using Tapatalk

  11. #40
    @hibs.net private member Monktonhall 7's Avatar
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    Quote Originally Posted by CropleyWasGod View Post
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    The administrator's primary function is to attempt to maintain the business as a going concern.

    It's only if that fails that s/he has to get the highest return for creditors.

    Sent from my SM-A510F using Tapatalk
    Cheers for that. I guess they did what they were meant to do then. Who looks after the interests of the creditors?

  12. #41
    @hibs.net private member CropleyWasGod's Avatar
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    Quote Originally Posted by marinello59 View Post
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    Did he? I thought he just made a phone call.
    Yep, after which he was straight on the phone to his bookie.

    😉

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  13. #42
    @hibs.net private member CropleyWasGod's Avatar
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    Quote Originally Posted by Hibees1173 View Post
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    Cheers for that. I guess they did what they were meant to do then. Who looks after the interests of the creditors?
    They can attend meetings and make their case themselves. Most don't, but many (such as HMRC and the banks) take that function very seriously. The larger ones may use legal advice.

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  14. #43
    @hibs.net private member NORTHERNHIBBY's Avatar
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    Quote Originally Posted by greenlex View Post
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    Scrubbers Laundry is my favourite
    WAGS dry cleaning bill

  15. #44
    @hibs.net private member O'Rourke3's Avatar
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    Quote Originally Posted by Waxy View Post
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    Remember Our first Minister at the time taking a trip to Lithuania just When it seemed they were about to be liquidated.
    Alex Salmond made a call. Fatty Foulkes was the politician who had someone else pay for the trip to Lithuania Possibly us - as he was an MSP and/or a Lord. I know he wouldnt...

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  16. #45
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    Quote Originally Posted by Bostonhibby View Post
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    Here you go

    2 Sports Marketing Ltd £5,153
    A1 Minibus & Coaches £100
    ADT Fire£1,033
    Ayr United FC£1,750
    Arnold Clark Finance£6,764
    Allan Dick£50
    Alasdair Fraser£528
    Ardue House Hotel£180
    AllStar Business Solutions£100
    Alexander Szaorari£9,100
    AB Ukio Bankas£15,488,290
    Baltic Clipper£497
    Bank of Scotland (Merchant Services)£100
    Bank of Scotland (Equipment Finance)£970
    Beswicks Sports Ltd£3,000
    BOC Gases£490
    British Red Cross£76
    BT£3,024
    British Gas£580
    BIG Hearts Community Trust£589
    Bruce Rae Property Management£34,048
    Business Line UAB£204,143
    Cable & Wireless£2,198
    James Calcer£1,411
    Cameron Presentations£5,406
    Campbell Medical Supplies£100
    Janette Campbell£100
    Cardiac Services£152
    Charlie Irons Coaches£100
    Chamic£100
    Childcare Vouchers£100
    B Ciocco£11,469
    Citroen£5,232
    Clearwater Technology£5,156
    Clouds£6,870
    Coerver Coaching Scotland£949
    Concept Group£841
    Copymade Ltd£100
    Corona Energy Retail£29,729
    The Insolvency Service£0
    DJ Alexander£6,323
    David Cameron£110
    Miss Amal Daher£120
    Dataserve UK£160
    DC Lighting Services£652
    DJB Fire & Safety Training£48
    Outfield Harrison£1,816
    Daisy Communications£1,474
    Ensco 165 £509,464
    Eamonn Collins£5,000
    Edinburgh Chamber of Commerce£674
    Elite Medicale£222
    Ermington Associates£100
    Egkijius Valiauga£863
    Fife Imaging Associates£903
    Fountain Court Apartments£100
    Football Safety Officers£230
    GF Capital Solutions£337
    John Gibson£2,520
    Glenham Property£100
    Graeme Rankin Sports Mgmt.£12,000
    Green Star Media£77
    Greentech Sportsturf£1,056
    G4S£12,057
    GroupCall Ltd.£210
    HM Revenue - VAT£0
    HM Revenue£1,881,068
    Hamilton & Brydie£144
    Hectic Life£52
    HBJ Gateley Wareing£100
    Herriot Watt£145,655
    Highlander Kilt Hire£430
    Hitachi Capital£7
    Holiday Inn Aberdeen£58
    Homespring Ltd£499
    Sven Housten£40
    HoMFC Shareholder Association£5,030
    Impact Signs£6,499
    InterLax£234
    Interface En£100
    James Armstrong & Co£1,520
    Johnston Carmichael£100
    Jane Lofthouse Johnson£410
    James Sandison£680
    J Thomson Colour Printers£100
    Kauno Futbolo£13,431
    Key Sports Management£23,049
    Korelita£52,610
    KPMG Hungary£1,190
    Lady Haigs Poppy Fund£185
    Lietuvos Rytas£37
    Livingston FC£282
    Liverpool FC£46,625
    Llyods TSB£17,165
    Lex Autolease£1,159
    Lochgreen Hotel£510
    Lyco Direct Ltd.£1,822
    Milson Capital Corp£1,223,989
    Ian Maclennan£335
    McCraes Battalion Trust£100
    Dr Carrie McCrea£760
    Tony McGill£19,625
    Dr Scott McKie£700
    McRae of Gorgie£560
    Meridan Hospital£790
    Dr Andrew Murray£250
    Musselburgh Athletic FC£5,790
    Michael Page International£100
    NHS Lothian£75
    NHS Fife £739
    North Lanarkshire Council£100
    Northgate Vechile Hire£100
    Nuffield Health£4,645
    OG Lawfirm£5,000
    Orange£5,896
    PHS Group£1,110
    Pulsant Scotland£240
    Paton Plant Ltd£3,290
    Pendrich Height Services£6,552
    Performing Right Society£13,995
    Pitch International£4,746
    PPL Sport & Leisure£1,325
    PPL£4,133
    Premier Sports£4,836
    ProKit£100
    ProAmica£34,899
    Professor Ernest Schiders£2,410
    Rapide Communication£176
    Respublikos Investicija£62
    Runos Vertimal£43
    RWN Orthopaedics£100
    Ryden Lettings£100
    Rigby Taylor Ltd.£1,564
    Robert Graeme Wilson£150
    Spie Matthew£2,436
    Spire Healthcare£3,118
    Scottish Water£100
    Steve Hutchison£3,430
    Scottish Police Authority£18,585
    Savills£20,602
    Scottish Ambulance Services£2,454
    Scomac Catering Equip.£100
    Scottish Power (Stadium)£9,544
    Scottish Power (Ticket Office)£5,467
    Scottish Power (Admin Block)£1,254
    Scottish Gas Business£347
    Scrubbers Laundry£162
    SDMS£411
    Securevent Security£12,309
    SFA£5,011
    Shanks Waste Mgmt.£1,211
    Scottish Hydro Electric£139
    Jordan Shearer£90
    Shred-it£457
    Sky Business£100
    Slaters£100
    SNS Group£1,281
    Spectator Seating£13,005
    Speedy Power£100
    Sportsmasters£1,648
    Sporting ID£100
    Sports Medicine Uraea AB£2,700
    SRM Hearts£19,853
    Scottish Power£100
    St Andrews First Aid£364
    Stenhousemuir FC£12,900
    Stellar Football Ltd£5,750
    Streamline Print Mgmt.£418
    Superturas£26,636
    Scottish Youth Football Assoc.£1,700
    T.G Baker Sound£2,656
    ThyssenKnapp Elevator£3,378
    City of Edinburgh Council£90,715
    City of Edinburgh Council (for flats)£2,631
    The Edinburgh Clinic£557
    Newspaper Licensing Agency£1,428
    Talk Talk£5,548
    The Rangers FC£1,410
    Ticketmaster£33,112
    TNT UK£8
    TNT Post£56
    Trichem£1,380
    Technology Services Group£1,967
    Turnstile Systems£810
    UAB litcargus£1,166
    UK Football Academy£228
    Unum£2,300
    UAB Ukio£8,151,497
    Veecom Systems£3,525
    Viola£290
    Vodafone Connect£343
    Wallace Brown/Langstane£956
    Weatherseal£42
    Western Saab£500
    Dr David Whitaker£500
    Scott Wilson£1,000
    Yorkshire Clinic£2,562
    And of course the £70m they bumped the Lithuanians for if you count all the debt for equity and debt forgiveness schemes Romanov came up with. The money came from the investment company who borrowed from Ukio Bankas bank who were bailed out by the Lithuanian state or in other words the Lithuanian people.

  17. #46
    Quote Originally Posted by Jack Hackett View Post
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    Because the administrators were more concerned with saving hertz than they were with getting a good deal for the creditors...which is only fair because hertz are 'the famous'....Apparently
    And the administrators allowing the parent company to vote in the CVA was instrumantal in avoiding the same fate as the BigHun.

    Edinburgh's Disgrace

  18. #47
    @hibs.net private member & Biggest, Funniest Slaver on hibs.net 2012 Pedantic_Hibee's Avatar
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    They should never ever be allowed to forget.

    If the shoe was on the other foot...
    "Play for the name on the front of the jersey and the supporters will remember the name on the back"

  19. #48
    @hibs.net private member Biggie's Avatar
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    Quote Originally Posted by Pedantic_Hibee View Post
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    They should never ever be allowed to forget.

    If the shoe was on the other foot...
    if the shoe was on the other foot mate, we'd have been shut down
    "I don't have any regrets about not moving during my playing career. I was born a Hibee, my dad was a Hibee, I will stay a Hibee and I'll die a Hibee." -Lawrie Reilly

  20. #49
    Coaching Staff Craig_in_Prague's Avatar
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    Quote Originally Posted by SingHibs View Post
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    And of course the £70m they bumped the Lithuanians for if you count all the debt for equity and debt forgiveness schemes Romanov came up with. The money came from the investment company who borrowed from Ukio Bankas bank who were bailed out by the Lithuanian state or in other words the Lithuanian people.
    Yep, and they got away with what, a circa 2M settlement to the creditor/bank, a total joke really - irks me to this day.
    Other than small footballing debts, the rest were just rogered in the process.

    Still, only hearts would happily almost die, just to see them kill off Hibs via that cup final....

  21. #50
    Coaching Staff HIBERNIAN-0762's Avatar
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    Quote Originally Posted by Biggie View Post
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    if the shoe was on the other foot mate, we'd have been shut down
    This..

    To my mind they used political and no doubt masonic influence to get away with it.

    **** of the earth.

  22. #51
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    Quote Originally Posted by SingHibs View Post
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    And of course the £70m they bumped the Lithuanians for if you count all the debt for equity and debt forgiveness schemes Romanov came up with. The money came from the investment company who borrowed from Ukio Bankas bank who were bailed out by the Lithuanian state or in other words the Lithuanian people.
    If you go back to when Wallet Merger took them over (he was THE one who started off their 'Finance Football' business-plan) the amount of 'Other people's money' they 'used' (stole/cheated/swindled etc) over the 30+ years, is more like £115-120m ! Over a hundred million pounds to win what - 3 cups in 30+ years - bargain, eh !?.

  23. #52
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    Much as I love to read these threads, people in glass houses should not throw stones!

    If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

    Similar deals were done with Kilmarnock and others.

    At least now most teams are having to live within their own means as banks will not fund football again.

    This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!

  24. #53
    @hibs.net private member Bostonhibby's Avatar
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    Quote Originally Posted by where'stheslope View Post
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    Much as I love to read these threads, people in glass houses should not throw stones!

    If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

    Similar deals were done with Kilmarnock and others.

    At least now most teams are having to live within their own means as banks will not fund football again.

    This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!
    No creditors were harmed in the making of the deal that Hibs / STF did on a commercial basis with the banks.

    We didn't have to do it, were paying all our bills and weren't faced with administration or bankruptcy. Ain't glass houses

    "I did not need any persuasion to play for such a great club, the Hibs result is still one of the first I look for"

    Sir Matt Busby

  25. #54
    @hibs.net private member Mr White's Avatar
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    Quote Originally Posted by Bostonhibby View Post
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    No creditors were harmed in the making of the deal that Hibs / STF did on a commercial basis with the banks.

    We didn't have to do it, were paying all our bills and weren't faced with administration or bankruptcy. Ain't glass houses
    Indeed. To paraphrase Jules from Pulp Fiction- it ain't the same ball park, it ain't even the same sport.

  26. #55
    Absolute skanks.

    You know, (*deliberate Budge affectation), when a murderer displays remorse you might feel a bit of human compassion toward him.

    However, these oxygen thieves (club and fans) have never shown a morsel of contrition to the pensioner, the shop-keeper, the charity.

    Never let them forget.

  27. #56
    Quote Originally Posted by where'stheslope View Post
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    Much as I love to read these threads, people in glass houses should not throw stones!

    If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

    Similar deals were done with Kilmarnock and others.

    At least now most teams are having to live within their own means as banks will not fund football again.

    This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!


    can't compare apples with oranges.

  28. #57
    @hibs.net private member jacomo's Avatar
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    Quote Originally Posted by HibbiesandtheBaddies View Post
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    can't compare apples with oranges.



    Absolutely no comparison.

    Where are the creditors banging down our door? Who was due money from Hibs but didn't get it? When did we spend cash we didn't have and deliberately avoid our bills?

    HMFC is tarnished and will be for a long time. They were on their knees before Vlad because of reckless overspending.

  29. #58
    @hibs.net private member Kato's Avatar
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    Quote Originally Posted by where'stheslope View Post
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    Much as I love to read these threads, people in glass houses should not throw stones!

    If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

    Similar deals were done with Kilmarnock and others.

    At least now most teams are having to live within their own means as banks will not fund football again.

    This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!
    Interesting angle.

    Could you expand on the glass house, thing, as in how our situation compares with them? ...and how STF "baled" (sic) us out.

  30. #59
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    Lithuanian State the creditor

    The Lithuanian state were the effective creditor. If Hearts were wound up only real asset was the ground. The ground would be pretty worthless without building permission. Edinburgh establishment had closed ranks to make that building permission difficult to obtain. The Lithuanians would rather take 4 million than gamble on getting the ground and not being able to sell it because of a lack of building permission.

  31. #60
    Quote Originally Posted by where'stheslope View Post
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    Much as I love to read these threads, people in glass houses should not throw stones!

    If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

    Similar deals were done with Kilmarnock and others.

    At least now most teams are having to live within their own means as banks will not fund football again.

    This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!
    No bailing out involved.

    I suspect these "deals" are along the lines of paying of a loan (mortgage, car loan etc) early in that the money that the bank would recieve if they allowed the loan to run it's course is the total amount with the "deal" being made for the amount of interest the bank will lose for the loan being paid of early.

    As it's a Yam thread and someone mentioned a second creditors list, I recall that the debt to heriot watt had increased from £145k in the first list to around £5m in the second one, which would have been the total income if the Yam deal had completed the agreed contract, not the actual amount the Yam was hiding from them for.

    The Lady Haig Poppy Fund debt, however, was an actual debt that the Scaff's just refused to pay because it was more important to pay Rudi's wages and win things than to assist soldiers who had been injured in the service of their country. For his part Rudi appears none to bothered either. They deserve each other.

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